Regulatory Accountant
Austin, TX 
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Posted 1 day ago
Job Description
Primary Location: Texas-Austin Work Locations:
Public Utility Commission of T
1701 N Congress Ave
Austin 78701
Job: Business and Financial Operations
Employee Status: Regular
Schedule: Full-time Standard Hours Per Week: 40.00
State Job Code: 1102 1102, 1104, 1106, 1108
Salary Admin Plan: B
Grade: 19 B19, B21, B23, B25
Salary (Pay Basis): 5,417.00 - 9,167.00 (Monthly)
Number of Openings: 2
Overtime Status: Exempt
Job Posting: Feb 21, 2024, 3:06:06 PM
Closing Date: Ongoing
Description

Work with us and make a difference in Texas!

The Public Utility Commission regulates the state's electric, telecommunication, and water and sewer utilities, implementing respective legislation and offering customer assistance in resolving customer complaints.

We are committed to protecting customers, fostering competition, and promoting high quality utility infrastructure.

Thank you for your interest in employment with the Public Utility Commission of Texas. We are committed to the recruitment and promotion of a character-driven, competent, productive and diverse workforce. Our employees come from a broad range of professional backgrounds, from attorneys and engineers to administrative support staff, united by their passion to be accountable to the people of Texas and provide equitable, efficient, and effective regulation in an increasingly competitive environment.

We understand that motivated, knowledgeable staff are essential for the successful completion of our vital work. If you're ready to join our efforts to serve our fellow Texans by helping electrical, water, sewer and telecom utilities attain and maintain compliance, we would love to hear from you. Working at the PUC will not only broaden your professional horizons, it will also make you part of a highly motivated, technically proficient and warmly collegial team of professionals. Apply today!

The BENEFITS of working at the PUC

In addition to an affirming work environment and a family-oriented culture, we offer an array of attractive benefits to our employees. A summary of benefits can be found at

DIVISION - RATE REGULATION/FINANCIAL REVIEW

POSITION TYPE - This position is eligible for telecommuting up to four (4) days a week.

The Rate Regulation Division is the branch of the PUC that is most involved in the agency's traditional regulatory rate-setting function. The Rate Regulation Division consists of three sections: the Financial Review section, the Water Rates section, and the Tariff and Rate Analysis section.

The Financial Review section and the Water Rates section include staff members with educational backgrounds primarily in accounting and finance; these staff members evaluate the legitimacy and reasonableness of a utility company's expense levels and develop estimates of an appropriate rate of return on the utility company's capital investment.

The Rate Regulation Division also leads and participates in various rulemaking proceedings and works on other projects involving rate-related issues for electric, water, and telephone utility companies.

Financial Review is seeking a Regulatory Accountant who has a desire to work in the utility regulatory industry and would like to expand their knowledge, skills and experience performing routine to highly complex accounting work that includes reviews of rate change and other applications filed with the Commission. Work involves analyzing utility reports, accounting records, contracts, and other pertinent information for compliance with accounting standards, state laws and Commission regulations, and reasonableness of costs. Work involves preparing written recommendations with attention to mathematical accuracy of financial calculations, wording precision, and correct grammar usage.

Qualifications

The ideal candidate will have the following required minimum qualifications:

Financial Examiner II

Graduation from an accredited four (4) year college or university with major coursework in accounting, finance, or economics.

Financial Examiner III

Graduation from an accredited four (4) year college or university with major coursework in accounting, finance, or economics, and a minimum of one (1) year of experience in utility accounting or finance, or public accounting.

Financial Examiner IV

Graduation from an accredited four (4) year college or university with major coursework in accounting, finance, or economics, and a minimum of two (2) years' experience in utility accounting or finance, or public accounting.

Financial Examiner V

Graduation from an accredited four (4) year college or university with major coursework in accounting, finance, economics; and a minimum of three (3) years' experience in utility accounting or finance, or public accounting; and an active Certified Public Accountant license.

Preferred Qualifications:

Licensed Certified Public Accountant (CPA) or Certified Management Accountant (CMA).

VETERAN'S PREFERENCE

Veterans, Reservists, or Guardsmen with a Military Occupation Specialty (MOS) or additional duties that fall in the fields listed in the below link who meet the minimum qualifications are encouraged to apply.

The MOS codes applicable to this position can be accessed at:

If you qualify for a Veteran Employment Preference, it is mandatory that you provide the required documentation with your State of Texas Application. Documentation must be provided before a Veteran Preference can be granted. Required documentation is as follows: Veteran - DD Form 214; Surviving Spouse of a Veteran who has not remarried - Marriage Certificate and DD Form 1300; Orphan of a Veteran who was killed during active duty - Birth Certificate and DD Form 1300.

A detailed job description can be viewed on our website:

Salary commensurate with qualifications. The salary of an ERS Retiree or non-contributing member may be 9.5% less than the recommended salary.

NOTICE TO APPLICANTS

Applications must contain complete job histories, which includes:

  • Job title
  • Dates of employment
  • Name of employer
  • Supervisor's name and phone number
  • Description of duties performed that demonstrates how you meet the minimum qualifications for the position applying for

Note: Resumes do not take the place of this required information and applications with "See attached" or "See resume" will not be accepted in lieu of a completed application. The experience on the resume and CAPPS State of Texas Application must match, otherwise, the application will be considered incomplete.

The Hiring Manager is requesting the following documents be submitted with the State of Texas CAPPS Application:

  • Letter of Interest
  • Resume
  • Official or Unofficial College Transcripts

To submit a letter of interest, resume and transcript, you must upload it to your application. When submitting your documents, make sure to mark them as "relevant."

Incomplete applications will not be considered.

WORK IN TEXAS APPLICANTS

To apply for the position, it is best to go to the CAPPS State of Texas Talent Management System to submit your application by going to and select our agency, Public Utility Commission of Texas, from the "Company/Agency" list.

If applying through Work In Texas (WIT) you will also need to complete the supplemental questions and forms to be considered for this posting. An automated email from the CAPPS State of Texas Talent Management System will be sent to your email on file in WIT with additional instructions.

REMARKS

  • All information provided in connection with an application for employment must be true and complete, and any misstatement, falsification, or omission of information may be grounds for refusal to hire or, if hired, termination.
  • If required for position, licensure as a Professional Engineer or to practice law in Texas will be verified on the selected candidate through either the Professional Board of Engineers or the State Bar of Texas.
  • A satisfactory driving record is required for driving a state or personal vehicle to conduct agency business. Selected candidates will have their driving record evaluated in accordance with the Commission's Traffic Safety policy.
  • For males born on or after January 1, 1960, the PUC will verify proof of Selective Service registration through the online Selective Service System. Any males born after January 1, 1960 who are not registered will need to provide proof of exemption from the Selective Service registration requirement.
  • The Public Utility Commission participates in E-Verify and will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new employee's Form I-9 to confirm work authorization.
  • The Public Utility Regulatory Act imposes certain restrictions on PUC employees' investments, professional activities, and relationships with regard to "public utilities," as defined by Texas Utilities Code * 11.004. Most PUC employees cannot be an officer, employee, or consultant of a "trade association," and may not be married to an officer, manager, or paid consultant of a "trade association." (See Tex. Util. Code * 12.153.) The trade associations to which this restriction apply are defined in Texas Utilities Code * 11.003(21), and are limited to electric or telecommunications industry-related associations. (The trade association restrictions do not apply to employees who are eligible for overtime under the Fair Labor Standards Act.)
  • PUC employees are prohibited from having a pecuniary interest in a public utility, a public utility affiliate, or "a person a significant portion of whose business consists of furnishing goods or services to public utilities or affiliates." (Tex. Util. Code * 12.154(a)(1).) A pecuniary interest is a financial interest and includes investments, such as ownership or stock holdings, or interest as an officer, director, partner, employee, attorney, or consultant. However, it does not include interests "held indirectly by ownership of an interest in a retirement system, institution, or fund that in the normal course of business invests in diverse securities independently" of your control. (Tex. Util. Code * 12.154(g).)
  • The PUC has a Post-Employment Restriction - details furnished upon request.
  • The PUC is an Equal Employment Opportunity Employer and recruits, hires, trains, and promotes into all job levels the most qualified persons without regard to race, color, sex, religion, national origin, sexual orientation, mental or physical disability, age, genetic information, veteran status, or participation in protected activity. Female and minority applicants are encouraged to apply.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Salary and Benefits
B
Required Experience
1 year
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